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abhinay abhinay is offline
Starting Out
Join Date: Jul 2008
Posts: 14
Tax for self-employed.

This is directed towards an accountant really. I am 16 and going to have a supplier who i source my products from soon. I am going to sell using ebay. And because i don't own the products (i am dropshipping)etc... i have to register as a business account. After reading up on this, there are a few tax things you have to do as a business, ie pay tax on money you earn etc...

from ebay: The amount and type of tax you should pay on your eBay earnings depends on how much you earn and how you earn it.

To do this i have to register as self-emplyed with HMRC. Are there any restrictions when doing this? ie age. Also, i am still at school, will this be a problem? Are you allowed to be classed as self-employed when 16?

Any help on this would be greatly appreciated.

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